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June 1, 2018updated 09 Mar 2022 1:27pm

Deals and M&As this week: Marafi Sohar, YZJ, BW LPG

Marafi Sohar, a subsidiary of Asyad Group based in Oman, in collaboration with the Sohar Port and Freezone, intends to develop a mineral aggregate terminal in Oman.

Marafi Sohar, a subsidiary of Asyad Group based in Oman, in collaboration with the Sohar Port and Freezone, intends to develop a mineral aggregate terminal in Oman.

The stockpile yard in the terminal will occupy an area of 200,000m². It will be able to accommodate three stockpiles of two grades each and two weighbridges.

A temporary hybrid solution to be installed at Terminal 2D of the port will be equipped with two high-capacity mobile ship loaders with 750t/hour capacity.

The developmental activities of the terminal are expected to be completed within 20 months.

Sohar Industrial Port Company (SIPC), an equally owned joint venture (JV) of the Port of Rotterdam and Government of Oman , manages the Sohar Port and Freezone.

Jiangsu Yangzi Xinfu Shipbuilding , a wholly owned subsidiary of Yangzijiang Shipbuilding (Holdings) (YZJ), has disposed its 100% stake in Taixing Yangzi Xinfu Ship Accessories Processing (TYXSAPCO). The transaction is valued at CNY1m ($0.15m).

Based in China, TYXSAPCO offers ship accessories processing services for shipyards.

“The transaction includes approximately $441m in equity and the net debt of Dorian .”

Norway-based liquid petroleum gas (LPG) shipping company BW LPG intends to acquire Dorian LPG, a large gas carrier fleet operator based in the US, in an all-stock transaction worth $1.1bn.

The transaction includes approximately $441m in equity and the net debt of Dorian .

Dorian shareholders will receive 2.05 BW LPG shares for each share of Dorian .

BW LPG operates 180 vessels, including LPG or liquefied natural gas (LNG) carriers, oil tankers, floating storage and regasification (FSRU) units, as well as dry cargo carriers.

Polaris Industries (PII ) has agreed to acquire Indiana-based company Boat Holdings for $805m.

The purchase consideration includes a future net tax benefit of $100m and cash consideration of $705m.

Boat Holding will operate as a separate business unit and continue to function from its headquarters, upon completion of the transaction.

Boat Holdings is a builder of pontoon boats, deck boats and cruisers, while Polaris Industries is a manufacturer of snowmobiles, ATVs and motorcycles.

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